Jay Shree Tea & Industries profit falls 8% to Rs 17.54 crore

Jay Shree Tea & Industries Limited reported standalone net profit of Rs 17.54 crore for the quarter ended 30 September 2026, down 8% from Rs 19.05 crore a year earlier. Revenue from operations rose to Rs 269.34 crore, but lower tea earnings and a Rs 6.71 crore sugar loss outweighed a sharp improvement in the P&K fertilisers segment.

How did Jay Shree Tea & Industries' September-quarter profit change?

Jay Shree Tea & Industries' standalone profit after tax was Rs 17.54 crore in the quarter ended 30 September 2026, compared with Rs 19.05 crore in the quarter ended 30 September 2025 and a loss of Rs 6.18 crore in the preceding June 2026 quarter. Profit before tax was also Rs 17.54 crore because the company reported no current or deferred tax charge for the quarter.

Revenue increased by Rs 5.81 crore year on year, while total expenses increased by Rs 8.51 crore, reducing profit before tax by Rs 1.51 crore. Earnings per share were Rs 6.07 for the September 2026 quarter, compared with Rs 6.60 a year earlier, and total comprehensive income declined to Rs 17.22 crore from Rs 18.61 crore.

The unaudited standalone results were approved by the board on 13 November 2026 after review by the audit committee, according to the filing. The statutory auditors also conducted the limited review required under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Which Jay Shree Tea & Industries segments changed most?

Jay Shree Tea & Industries' tea segment remained the largest contributor, generating Rs 148.48 crore of September-quarter revenue and Rs 28.13 crore of segment profit, though both figures were below the prior-year quarter. P&K Fertilisers, the filing's fertilisers segment label, posted the largest year-on-year increase in both revenue and segment result, while sugar reported a Rs 6.71 crore loss.

Tea revenue decreased by Rs 18.40 crore and its segment profit declined by Rs 6.78 crore from the September 2025 quarter. In contrast, P&K Fertilisers revenue increased by Rs 20.28 crore and its segment profit rose by Rs 4.77 crore. Sugar revenue grew by Rs 3.93 crore, but its loss widened by Rs 0.05 crore.

The quarterly movement also differed by segment from June 2026. Tea segment profit rose from Rs 10.30 crore in June to Rs 28.13 crore in September, while P&K Fertilisers moved from a Rs 0.41 crore loss to a Rs 7.88 crore profit; sugar's loss increased from Rs 3.10 crore to Rs 6.71 crore.

Why did Jay Shree Tea & Industries' profit trail last year?

Jay Shree Tea & Industries' profit was below the prior-year quarter because the Rs 6.78 crore decline in tea segment profit exceeded the Rs 4.77 crore improvement in P&K Fertilisers, while sugar continued to record a loss. Aggregate segment results before interest and unallocable expenditure fell to Rs 29.30 crore from Rs 31.36 crore, a decline of Rs 2.06 crore.

Cost of materials consumed increased to Rs 32.93 crore from Rs 22.28 crore, employee benefits expense rose to Rs 84.95 crore from Rs 81.50 crore, and purchases of stock-in-trade increased to Rs 30.91 crore from Rs 25.44 crore. These increases were partly offset by a Rs 12.14 crore decrease in the expense recorded for changes in inventories and a Rs 2.29 crore reduction in power and fuel expense to Rs 13.67 crore.

Interest net of interest income increased to Rs 9.27 crore in the September 2026 quarter from Rs 8.66 crore a year earlier. Unallocable expenditure net of unallocable income decreased to Rs 2.49 crore from Rs 3.65 crore, but that Rs 1.16 crore reduction did not offset the fall in combined segment results.

How did Jay Shree Tea & Industries perform in the half year?

Jay Shree Tea & Industries reported standalone profit after tax of Rs 11.36 crore for the half year ended 30 September 2026, up from Rs 9.62 crore in the corresponding 2025 half year. Half-year revenue from operations increased to Rs 472.34 crore from Rs 450.45 crore, while profit before tax increased by Rs 1.74 crore to Rs 11.36 crore.

The half-year improvement occurred despite tea revenue edging down to Rs 247.36 crore from Rs 249.36 crore. Tea segment profit increased to Rs 38.43 crore from Rs 37.07 crore, P&K Fertilisers segment profit rose to Rs 7.47 crore from Rs 3.06 crore, and the sugar segment loss narrowed to Rs 9.81 crore from Rs 10.49 crore.

Net cash generated from operating activities increased to Rs 48.78 crore in the half year from Rs 42.02 crore a year earlier. Cash and cash equivalents at 30 September 2026 were Rs 11.21 crore, compared with Rs 1.38 crore at the beginning of the period, after Rs 40.06 crore of net cash used in investing activities.

What did Jay Shree Tea & Industries' assets and liabilities show?

Jay Shree Tea & Industries reported total standalone assets of Rs 1,011.92 crore at 30 September 2026, compared with Rs 940.04 crore a year earlier in the segment statement. Tea accounted for Rs 444.99 crore of segment assets, sugar for Rs 341.28 crore and P&K Fertilisers for Rs 105.58 crore, while Rs 120.07 crore was classified as unallocable assets.

Total liabilities stood at Rs 620.73 crore at 30 September 2026, compared with Rs 529.66 crore a year earlier. Unallocable liabilities were Rs 439.39 crore, while tea liabilities were Rs 112.74 crore, P&K Fertilisers liabilities were Rs 52.70 crore and sugar liabilities were Rs 15.90 crore.

Compared with 31 March 2026, total assets increased from Rs 933.19 crore and total liabilities increased from Rs 552.71 crore. Current borrowings rose to Rs 400.73 crore at 30 September 2026 from Rs 365.53 crore at 31 March 2026, while non-current borrowings declined to Rs 24.54 crore from Rs 38.93 crore.

Conclusion

Jay Shree Tea & Industries returned to quarterly profit from the June-quarter loss, aided by improved tea and P&K Fertilisers results. However, September-quarter profit was lower year on year because tea segment earnings declined by Rs 6.78 crore and sugar remained loss-making despite higher segment revenue.

The next results will show whether the first-half pattern changes as the year progresses. Jay Shree Tea & Industries says tea and sugar are seasonal and quarterly results are not indicative of full-year performance; it also says current and deferred tax will be provided at year end, while management projects future taxable profits against which Rs 52.22 crore of deferred tax assets can be adjusted.